This is a mirror of the original BitMEX trollbox archive that used to be online here.
BitMEX disabled their archive after the DDOS attack so I have decided to make my mirror publicly available.

Well now, a few days after I made this mirror available to the public, the original archive from BitMEX is online again.
But since it is still limited (neutered to the last few hundred messages) I will keep my FULL mirror alive.

You have access to more than 50 million trollbox posts. This is more than 7 gigabyte of data hosted on a $5 server so please be patient or consider a donation

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[2015-08-27 21:24:29] TInvest : our former bastard now your current bastard's rag
[2015-08-27 21:25:34] TInvest : Murdoch that be of cours
[2015-08-27 21:25:45] TInvest : just in case, you know...
[2015-08-27 21:26:12] TInvest : my hilarity didn't ring clear
[2015-08-27 21:27:00] BitMEX_Sam : :)
[2015-08-27 21:27:28] TInvest : anyhoo - from next week bitmex hooks in to trade block
[2015-08-27 21:27:40] BitMEX_Sam : Yep, tomorrow at 12 UTC
[2015-08-27 21:27:52] TInvest : so amaze
[2015-08-27 21:27:58] BitMEX_Sam : very indexed
[2015-08-27 21:28:03] TInvest : much
[2015-08-27 21:28:36] TInvest : so.. it's not going to be like that btc.sx choose a market, roll the dice
[2015-08-27 21:28:55] BitMEX_Sam : Nah. All of our futures exist here and only here, you're not trading on other markets
[2015-08-27 21:28:58] BitMEX_Sam : We just settle on an index price
[2015-08-27 21:29:06] TInvest : shall be a real instrument
[2015-08-27 21:29:08] TInvest : oh yeah
[2015-08-27 21:29:11] BitMEX_Sam : Technically it doesn't even need to be a Bitcoin index - we could do separate markets like the S&P
[2015-08-27 21:29:12] TInvest : brill
[2015-08-27 21:29:19] TInvest : it's just funsies
[2015-08-27 21:29:21] BitMEX_Sam : We already do LTC & ETH
[2015-08-27 21:29:26] TInvest : i saw that
[2015-08-27 21:29:32] TInvest : but... darenest
[2015-08-27 21:29:37] TInvest : darenst
[2015-08-27 21:30:17] TInvest : i actually came to hedge money then saw gamblin... i uh, speculation.. futures trading
[2015-08-27 21:42:22] BitMEX_Sam : You can do both, that's the trick
[2015-08-27 21:42:34] TInvest : yeah - but then i didn't
[2015-08-27 21:42:37] TInvest : of course :D
[2015-08-27 21:43:43] BitMEX_Sam : https://blog.bitmex.com/xbt-vs-xbu-chain/
[2015-08-27 21:43:52] BitMEX_Sam : There are some interesting strategies between the series
[2015-08-27 21:45:47] TInvest : yeah, i'm going to read that, then go - to - bed
[2015-08-27 21:45:51] TInvest : the sun just came
[2015-08-27 21:46:13] TInvest : i take it, you are official bitMEX
[2015-08-27 21:46:32] TInvest : as in, peeps with the BitMEX_ prefix are employee/cartel members
[2015-08-27 21:46:47] BitMEX_Sam : Hah yes.
[2015-08-27 21:46:54] TInvest : (i really think my joke choices at 7am are probbly a bit off
[2015-08-27 21:47:03] TInvest : aight homes
[2015-08-27 21:47:05] BitMEX_Sam : It's all good, I get like that after a long night of programming/coffee
[2015-08-27 21:47:31] TInvest : good morning, good night, good what ever -oh yeah, fo rme it's research and writing and then accientally 5 hours of this.. 6 cups of coffee and it's off to teach
[2015-08-27 21:47:51] BitMEX_Sam : Ah - well best of luck wherever you are.
[2015-08-27 21:51:28] TInvest : my thanks
[2015-08-27 22:11:58] cryptojoe : is the only difference bw XBUU15 and XBTU15 the currency in terms of which the order value is given? if so can't you just slam those two orderbooks together and increase the volume of both.
[2015-08-27 22:12:47] BitMEX_Sam : cryptojoe: You can't technically do that because they're different types with different payoff curves
[2015-08-27 22:13:20] BitMEX_Sam : XBT pays off in terms of Bitcoin (so a doubling in price leads to a doubling of your Bitcoin) but XBU pays off in terms of USD (so a doubling leads to a doubling of your holdings in terms of USD)
[2015-08-27 22:13:44] BitMEX_Sam : Each is useful in its own way which is why we have both; XBT is great for speculation and XBU is great for hedging your Bitcoin, and is one of the only futures available anywhere that lets you properly hedge
[2015-08-27 22:19:08] cryptojoe : if i'm speculating but not hedging, would it ever make sense for me to short using XBU rather than XBT?
[2015-08-27 22:19:44] cryptojoe : Other than wanting to see values in terms of USD
[2015-08-27 22:20:09] SnackyCoins : I could see bigger profits on downard using XBT only because of the available clownshoes leverage, which is of course riskier
[2015-08-27 22:20:30] SnackyCoins : but 1x leverage on each, XBU is the winner for downward movement
[2015-08-27 22:20:57] cryptojoe : it just pays better?
[2015-08-27 22:21:07] BitMEX_Sam : Yeah XBU is better for shorting. Depends on the severity of the movement
[2015-08-27 22:21:27] SnackyCoins : there's a pretty well written XBT/XBU blog article on here with graphcs
[2015-08-27 22:21:31] BitMEX_Sam : https://blog.bitmex.com/xbt-vs-xbu-chain/
[2015-08-27 22:21:34] SnackyCoins : ^ yeah that
[2015-08-27 22:21:45] BitMEX_Sam : We should put that link somewhere on the site
[2015-08-27 22:22:00] BitMEX_Sam : I've been wanting to an interactive SVG chart / calculator
[2015-08-27 22:22:08] BitMEX_Sam : I think a lot of people are confused by the choice
[2015-08-27 22:22:42] SnackyCoins : yeah if crypto was your first trading (like me) then the difference is hard to wrap your head around
[2015-08-27 22:22:58] SnackyCoins : i'm still not sure i get it 100% :) but the graphs helped a lot
[2015-08-27 22:23:15] BitMEX_Sam : Easiest way to think of it is that XBT gains are linear in terms of Bitcoin
[2015-08-27 22:23:19] BitMEX_Sam : And XBU gains are linear in terms of USD
[2015-08-27 22:23:58] BitMEX_Sam : What's odd is that a lot of futures sites won't even tell you which one their contracts are - almost as if they don't even know
[2015-08-27 22:24:08] BitMEX_Sam : And generally it does seem like traders care that much. They just want to trade.
[2015-08-27 22:24:09] SnackyCoins : buying XBU is the same as buying btc with fiat yeah?
[2015-08-27 22:24:30] BitMEX_Sam : SnackyCoins: Not really, because you're buying Bitcoin with Bitcoin in a way
[2015-08-27 22:24:42] BitMEX_Sam : So if you go long futures you're actually doubling your exposure
[2015-08-27 22:24:47] cryptojoe : SnackyCoins: i've been trading for a couple years but only crypto. My first margin trades this year.
[2015-08-27 22:24:50] BitMEX_Sam : And if you sell at 1x you're eliminating your exposure
[2015-08-27 22:25:15] SnackyCoins : ahh
[2015-08-27 22:25:35] SnackyCoins : but with regards to P&L on that position only (ignoring the fact that i used btc to buy it) it's linear?
[2015-08-27 22:26:20] BitMEX_Sam : Yeah it's linear in USD. If Bitcoin doubles you'll have double the USD
[2015-08-27 22:26:42] SnackyCoins : ok good i'm using it how i wanted to then :)
[2015-08-27 22:27:46] SnackyCoins : Pretty sure no other exchange out there actually helps you understand their own products lol
[2015-08-27 22:28:00] BitMEX_Sam : Actually sorry, your gains will be equal to what you put in. So if you buy $200 of exposure, say at $200/Bitcoin and the price doubles, you'll make .5 Bitcoin which is equal to $200 at $400/Bitcoin
[2015-08-27 22:28:31] BitMEX_Sam : However the 1 Bitcoin you owned before is worth $400 now, so you actually made 200% ($200 to $600)
[2015-08-27 22:28:59] BitMEX_Sam : On XBT, the same bet would net you 2x the Bitcoin, so you'd go from $200 to $800 as you go from owning 1 Bitcoin @ $200 to 2 Bitcoin @ $400
[2015-08-27 22:30:14] SnackyCoins : I'm just trying to pretend i'm holding more BTC than I actually have "for the ride": as if i bought with fiat and sold it at expiration
[2015-08-27 22:30:53] SnackyCoins : seems like that'd be xbu
[2015-08-27 22:34:30] BitMEX_Sam : More or less, you could go both ways
[2015-08-27 22:34:42] BitMEX_Sam : If you can get XBT at the same price as XBU, and you're going long, it's a better deal
[2015-08-27 22:34:49] BitMEX_Sam : So you should expect XBT to be priced higher than XBU
[2015-08-27 22:35:46] cryptojoe : that helps. i'll check out the blog post
[2015-08-27 22:36:28] SnackyCoins : when I buy a commodity future with USD, is that similar to inverse (or something else entirely?)
[2015-08-27 22:37:12] BitMEX_Sam : It gets weirder here with Bitcoin because you're buying Bitcoin futures with Bitcoin
[2015-08-27 22:37:21] BitMEX_Sam : As opposed to say, buying oil futures with oil
[2015-08-27 22:37:33] SnackyCoins : heh
[2015-08-28 00:01:46] cowtongue : is there a countdown timer for the 7d?
[2015-08-28 00:05:46] BitMEX_Wally : cowtongue: Yes, where it says `Expiry: 28 Aug 2015` if you hover the mouse over the date it says `Expiry: In 12 hours`
[2015-08-28 00:12:01] johnny : Agh, I really want to short ltc here because I dont trust finex any more but liquidity so bad
[2015-08-28 00:12:19] johnny : I'll probably do it anyway, because the people runnign this exchange are putting in a lot of effort
[2015-08-28 00:12:59] BitMEX_Sam : johnny: We appreciate the vote of confidence
[2015-08-28 00:13:17] BitMEX_Sam : Liquidity on XLT is usually better during US business hours but I agree that it could be improved
[2015-08-28 00:13:26] BitMEX_Sam : More traders certainly helps bring market makers around
[2015-08-28 00:13:59] johnny : See, that was a no BS answer, much respect
[2015-08-28 00:14:21] johnny : I'm pretty keen on a ltc fall, so I am happy to hold a short even in relatively low liqudity
[2015-08-28 00:14:29] johnny : Is there a way fro you to PM me Sam?
[2015-08-28 00:14:40] BitMEX_Sam : Well, nice thing about weekly settling futures is that you're exited automatically on expiry regardless of liquidity
[2015-08-28 00:14:47] BitMEX_Sam : So if you can enter a position at a price you like and hold until expiry you're good.
[2015-08-28 00:14:52] BitMEX_Sam : You can PM on IRC
[2015-08-28 00:15:07] BitMEX_Sam : join irc.freenode.net #bitmex or hit the link at the top of the chat
[2015-08-28 00:15:20] STRML : I'm BitMEX_Sam
[2015-08-28 00:15:34] BitMEX_Sam : ^^
[2015-08-28 04:27:59] zanza : hey Sam or someone else, any plans on adding anything else in the near future?
[2015-08-28 04:28:05] zanza : like new contracts
[2015-08-28 04:28:26] BitMEX_Arthur : zanza: We will have prediction markets soon
[2015-08-28 04:28:33] zanza : nice :)
[2015-08-28 04:28:34] BitMEX_Arthur : for BitcoinXBT, BIP100, BIP101 etc
[2015-08-28 04:28:39] BitMEX_Arthur : and for exchange defaults
[2015-08-28 04:28:49] BitMEX_Arthur : and we will list a REP/BTC IPO future for Augur
[2015-08-28 04:28:51] zanza : looking forward to it
[2015-08-28 04:31:09] BitMEX_Arthur : zanza: How did you hear about us?
[2015-08-28 04:53:05] zanza : heard about you through /r/bitcoinmarkets
[2015-08-28 04:53:22] zanza : then later at /r/bitcoin and then a bit @whaleclub
[2015-08-28 04:56:06] j8 : `XBTH15` launching tomorrow?
[2015-08-28 04:56:16] j8 : **`XBTH16``
[2015-08-28 05:44:54] BitMEX_Arthur : at 12:00 GMT today
[2015-08-28 05:46:33] muirtastic : So I have an open XBT7D position. Do I need to close it out by tomorrow at 07:00 or is it exercised somehow if I don't?
[2015-08-28 05:48:57] muirtastic : Ok I see...they will be closed at the settlement price. That is fine.
[2015-08-28 07:41:39] SnackyCoins : oh shit spring 2016 contracts up
[2015-08-28 07:42:05] SnackyCoins : oh but no order buttons 8) ha
[2015-08-28 09:43:28] ilikepies69 : dear bitmex, is it possible to save chart settings and markings per user?
[2015-08-28 09:44:18] ilikepies69 : or ideally, are you guys on tv?
[2015-08-28 10:17:43] TraderStefan : Yeah they are on TradingView. Search BitMEX. Most of the contracts are on there, but XBT7D seems to be missing
[2015-08-28 11:56:04] priceaction : dang ltc still above 2 usd
[2015-08-28 12:14:08] vbmithr : hey
[2015-08-28 12:14:21] vbmithr : There is something I always wanted to know about reported trades in APIs
[2015-08-28 12:14:28] vbmithr : it always contains a buy/sell parameters
[2015-08-28 12:14:43] vbmithr : but when a trade happen, it is because one seller sells to one buyer, right ?
[2015-08-28 12:17:37] BitMEX_Arthur : Yes but one side is passive and one side is active
[2015-08-28 12:24:16] vbmithr : And who's the active one ?
[2015-08-28 12:24:29] vbmithr : (and what gets recorded in the trade logs then)
[2015-08-28 12:26:10] BitMEX_Arthur : If a bid is bit the seller is active. If an offer is lifted the buyer is active
[2015-08-28 12:34:21] ssa3512 : oof I got burned a bit on XBTU15 rebalance
[2015-08-28 12:36:59] vbmithr : Ok.
[2015-08-28 12:37:31] vbmithr : And then APIs report the active side ?
[2015-08-28 12:37:48] vbmithr : (probably)
[2015-08-28 12:40:48] BitMEX_Sam : vbmithr: Yep.
[2015-08-28 12:41:28] BitMEX_Sam : ssa3512: You don't get burned on a rebalance (unless there was a big adjustment) - your entry price simply changes and the profit you made gets turned into a wallet transaction
[2015-08-28 12:41:36] BitMEX_Sam : See https://www.bitmex.com/app/wallet
[2015-08-28 12:43:03] BitMEX_Sam : FYI we have now moved Bitcoin-settling contracts off Bitstamp (formerly Bitfinex) and over to TradeBlock XBX. https://tradeblock.com/markets/index/
[2015-08-28 12:43:37] ssa3512 : BitMEX_Sam: well the wallet transaction was almost -0.2 BTC
[2015-08-28 12:43:56] BitMEX_Sam : Okay. So it just turned unrealised loss into realised loss
[2015-08-28 12:44:11] ssa3512 : yes, but now my entry price is lower
[2015-08-28 12:44:23] ssa3512 : and I still am bullish for september
[2015-08-28 12:44:32] BitMEX_Sam : Well, if you're long a lower entry price is good
[2015-08-28 12:45:34] BitMEX_Sam : There's more profit between, say, 226 and 250 than between 235 and 250.
[2015-08-28 12:48:26] ssa3512 : so now that we've tested 220 again we can go up right?
[2015-08-28 12:48:27] ssa3512 : :P
[2015-08-28 12:49:25] BitMEX_Sam : If I knew that, I'd be trading, not running an exchange. :)
[2015-08-28 12:50:39] BitMEX_Sam : FYI withdrawals are processing now. If you were just after 12 UTC we included you in this batch because of the rebalance
[2015-08-28 12:50:56] BitMEX_Sam : We are considering moving the time back an hour to give users time to withdraw after rebalances - anybody have any opinions on this?
[2015-08-28 12:53:37] ssa3512 : BitMEX_Sam: I think that is a good idea
[2015-08-28 12:54:26] ssa3512 : you guys are using 2-of-3 right
[2015-08-28 12:56:06] BitMEX_Sam : Yeah multisig is used on all addresses.
[2015-08-28 12:56:44] BitMEX_Sam : That's why it has to happen manually. We'll do a hybrid hot/cold one day but it will be very limited. I consider any wallets hooked up to a webserver to be lost Bitcoin, it's just a matter of time
[2015-08-28 12:56:58] vbmithr : I'm working on a gateway between exchanges and the DTC protocol (dtcprotocol.org)
[2015-08-28 12:57:25] vbmithr : So that it is possible to trade using Sierra Chart
[2015-08-28 12:58:08] BitMEX_Sam : vbmithr: Very interesting
[2015-08-28 12:59:05] vbmithr : I'm focusing on exchanges that do margin trading / leverage
[2015-08-28 12:59:21] vbmithr : basically the ones that have a concept of position
[2015-08-28 12:59:21] BitMEX_Sam : Very happy to help, email me at sam@bitmex.com if you have questions
[2015-08-28 12:59:36] vbmithr : Thanks!
[2015-08-28 12:59:57] vbmithr : It's good that you have a testnet btw
[2015-08-28 13:00:01] vbmithr : Very few exchange have
[2015-08-28 13:00:11] BitMEX_Sam : If we consider the demand high enough we may be able to move a high-quality adapter inside the API itself and avoid the overhead of serializing to JSON and back
[2015-08-28 13:00:29] BitMEX_Sam : Yeah the testnet is absolutely necessary both for us and our integration partners.
[2015-08-28 13:00:58] BitMEX_Sam : And it helps a lot over a shared dev environment in that we can ask our users for feedback.
[2015-08-28 13:00:58] vbmithr : Most of exchanges say the same thing, not enough demand for the pain of implementing FIX or something of the sort
[2015-08-28 13:01:16] BitMEX_Sam : Yeah. We use FIX column names and built the engine with FIX in mind but we haven't gone all the way with it yet
[2015-08-28 13:01:29] vbmithr : ok!
[2015-08-28 13:01:47] vbmithr : I'm glad to know a bit on how you implement things, it's interesting
[2015-08-28 13:02:05] vbmithr : So you have a FIX core but present a REST/Websocket API on top of this ?
[2015-08-28 13:02:21] BitMEX_Sam : Essentially, the table structures are based on FIX
[2015-08-28 13:02:34] vbmithr : yeah, understand.
[2015-08-28 13:02:35] BitMEX_Sam : The trading and position keeping system is a single engine written in q (kdb+/q)
[2015-08-28 13:02:47] vbmithr : never heard of q :)
[2015-08-28 13:03:02] BitMEX_Sam : http://kx.com/software.php
[2015-08-28 13:03:59] BitMEX_Sam : We wrote a layer on top of it that emits all changes to all tables to a pub/sub system. That then does access control / bucketing and interfaces with the websocket server.
[2015-08-28 13:05:30] vbmithr : yeah I see
[2015-08-28 13:06:06] BitMEX_Sam : So in order to do DTC, as far as I understand the implementation of DTC, the hard part would be translating those realtime messages into their format
[2015-08-28 13:06:12] vbmithr : So Websocket is output only
[2015-08-28 13:06:19] BitMEX_Sam : Well, you can request table images through it
[2015-08-28 13:06:25] BitMEX_Sam : It's an easy way to get synced up
[2015-08-28 13:06:33] vbmithr : I've implemented a lot already
[2015-08-28 13:06:41] BitMEX_Sam : But you can't do orders through it - we consider the request/response model of HTTP to be a lot better suited for orders.
[2015-08-28 13:06:43] vbmithr : mmh, the hard part…
[2015-08-28 13:06:56] vbmithr : the hard part was to make an abstraction of bitcoin exchanges so that I can easily implement many of them
[2015-08-28 13:07:07] BitMEX_Sam : Ah, so you've already done a lot of generalizable work.
[2015-08-28 13:07:10] vbmithr : yes
[2015-08-28 13:07:18] vbmithr : yes (to the question)
[2015-08-28 13:07:20] BitMEX_Sam : That's great
[2015-08-28 13:07:36] BitMEX_Sam : OCaml?
[2015-08-28 13:07:36] vbmithr : I've mostly worked on Kraken/Bitfinex
[2015-08-28 13:07:41] vbmithr : Bitfinex API is not so great
[2015-08-28 13:07:42] vbmithr : yeah
[2015-08-28 13:08:03] BitMEX_Sam : Yeah we have had lots of troubles with their API.
[2015-08-28 13:08:17] BitMEX_Sam : That and the recent instability were more than enough reason to move our settlements off it.
[2015-08-28 13:08:24] vbmithr : Kraken looks very professional
[2015-08-28 13:08:33] vbmithr : apart from the no streaming api, not pro at all
[2015-08-28 13:08:41] BitMEX_Sam : Yeah Kraken does a pretty good job.
[2015-08-28 13:08:41] vbmithr : yeah I've seen that
[2015-08-28 13:09:01] vbmithr : I'm trying to work with coinsetter as well
[2015-08-28 13:09:07] vbmithr : they have a full FIX API
[2015-08-28 13:09:48] vbmithr : But I think your API is great actually
[2015-08-28 13:10:08] BitMEX_Sam : Thanks - we're going for simplicity in the REST calls and completeness in the WebSocket
[2015-08-28 13:10:24] BitMEX_Sam : It's the exact same API the frontend uses so it needed to fill those needs as well
[2015-08-28 13:10:37] vbmithr : Great because you're probably right about the request/reply for adding orders
[2015-08-28 13:10:48] BitMEX_Sam : The HTTP documentation is a bit sparse but that's because it's actually autogenerated from the live code
[2015-08-28 13:10:54] BitMEX_Sam : So it's guaranteed to be up to date
[2015-08-28 13:11:36] BitMEX_Sam : It's Swagger-compliant (http://swagger.io/) so there's a large amount of autogenerated tooling you can use for it.
[2015-08-28 13:11:49] vbmithr : yeah
[2015-08-28 13:11:50] vbmithr : nice
[2015-08-28 13:12:18] vbmithr : dealing with rest apis is not a hard part of my thing anyway
[2015-08-28 13:12:44] BitMEX_Sam : Yeah I figured. :) It's more for novice users / users looking to get up and running ASAP
[2015-08-28 13:13:41] vbmithr : Do you have very active users ?
[2015-08-28 13:13:49] vbmithr : day traders and so on
[2015-08-28 13:14:03] vbmithr : I'm trying to gauge the usefulness of my project a bit
[2015-08-28 13:14:46] BitMEX_Sam : Yeah there are a decent number of people who are trading all day and MM bots. We're not at the level of a finex or something like that, I believe our volume is just a little higher than Coinsetter
[2015-08-28 13:15:04] BitMEX_Sam : But we're expanding into new contracts and new markets soon.
[2015-08-28 13:15:55] vbmithr : I'd like to figure out the proportion of type of traders
[2015-08-28 13:16:06] vbmithr : like algorithmic trading, chart trading, mm bots, and so on
[2015-08-28 13:16:21] vbmithr : Sierra Chart is a tool for people that do chart trading
[2015-08-28 13:16:27] vbmithr : (as the name indicates)
[2015-08-28 13:16:42] BitMEX_Sam : Ah. Yes - and we've been working on supporting that through the live charts on the site as well. But it needs work.
[2015-08-28 13:17:26] vbmithr : That's were I think my project is interesting. I don't think a js charting tool can really beat a pro software like Sierra Chart
[2015-08-28 13:17:39] BitMEX_Sam : I would agree with that. JS charting has limitations.
[2015-08-28 13:17:53] vbmithr : Actually my real fear is that my project turns out to be not much interesting
[2015-08-28 13:18:00] vbmithr : because there is just no much chart traders
[2015-08-28 13:18:29] BitMEX_Sam : Hard to say where Bitcoin trading will evolve but I know a lot of users enjoy using MT4 et al
[2015-08-28 13:18:41] vbmithr : I mean, if almost no bitcoin exchanges made a decent interface to a trading software is probably lack of demand
[2015-08-28 13:18:53] BitMEX_Sam : Once they take the plunge and try it, they seem to be very happy to be liberated from the browser
[2015-08-28 13:19:17] vbmithr : I don't see why Forex traders would use pro software and bitcoin traders shitty interfaces
[2015-08-28 13:19:27] vbmithr : it makes no sense
[2015-08-28 13:19:30] BitMEX_Sam : I think we're still waiting for those markets to coalesce
[2015-08-28 13:19:44] BitMEX_Sam : Bitcoin trading is still in its infancy
[2015-08-28 13:20:23] vbmithr : yeah
[2015-08-28 13:20:25] vbmithr : definitely
[2015-08-28 13:21:01] vbmithr : I'm gonna do my little pet project no matter what and I'll see
[2015-08-28 13:21:21] BitMEX_Sam : Yeah, and we're happy to help in any way we can.
[2015-08-28 13:21:28] BitMEX_Sam : Always interested in getting more tools hooked up to our data.
[2015-08-28 13:21:32] vbmithr : I plan to release it a DTC service, basically, it'll be integrated into Sierra Chart
[2015-08-28 13:21:54] vbmithr : So that means people passing orders will pass orders to me first and I'll forward it to you
[2015-08-28 13:22:12] vbmithr : Oh, the other big issue with my project
[2015-08-28 13:22:23] vbmithr : If exchanges directly implement DTC it becomes pointless
[2015-08-28 13:22:41] vbmithr : I would do this if I were you :)
[2015-08-28 13:22:55] vbmithr : Implementing dtcprotocol.org is _not_ that much work
[2015-08-28 13:22:57] BitMEX_Sam : So you are planning on running a service (paid or otherwise) that serves as a bridge?
[2015-08-28 13:22:57] vbmithr : for you
[2015-08-28 13:23:06] vbmithr : and the return on investment can be unbounded
[2015-08-28 13:23:10] vbmithr : yeah exacatly
[2015-08-28 13:23:30] BitMEX_Sam : Yeah understood. Then the business model is solely reliant on exchanges not wanting to do that for themselves.
[2015-08-28 13:23:38] vbmithr : a flat month fee, for the business model, not so much
[2015-08-28 13:24:26] vbmithr : Yeah but that's the issue with my project
[2015-08-28 13:24:39] vbmithr : If it happens to be successful, exchanges would immediately implement DTC
[2015-08-28 13:24:55] BitMEX_Sam : Right
[2015-08-28 13:25:17] BitMEX_Sam : Well, it might work better than you think - there is a lot of inertia in most exchanges
[2015-08-28 13:25:25] BitMEX_Sam : Evidenced by how few new features most have released in the past year
[2015-08-28 13:25:26] vbmithr : Yeah that's the thing
[2015-08-28 13:25:52] vbmithr : it seems that developing systems is harder than one imagine
[2015-08-28 13:26:03] BitMEX_Sam : The complexity eats many teams alive
[2015-08-28 13:26:44] vbmithr : Same for me, except that I'm the only one in the team :)
[2015-08-28 13:27:28] vbmithr : I'm gonna integrate you in my bridge, I'll give you updates
[2015-08-28 13:27:51] BitMEX_Sam : Sure - happy to help
[2015-08-28 13:31:38] ssa3512 : BitMEX_Sam: I have to say the open order rollup and button to cancel all buys/sells is a great feature
[2015-08-28 13:32:31] BitMEX_Sam : ssa3512: Glad to hear it, we found it very useful in testing.
[2015-08-28 13:40:57] vbmithr : The ws interface is really cool :)
[2015-08-28 13:41:08] vbmithr : I think you are maybe the best API in the whole exchange world :)
[2015-08-28 13:41:12] vbmithr : (bitcoin exchanges)
[2015-08-28 13:42:00] BitMEX_Sam : vbmithr: Thanks
[2015-08-28 14:18:19] ilikepies69 : BitMEX_Sam: Hi, I can't seem to find your charts on tradingview, can you please provide links?
[2015-08-28 14:19:04] BitMEX_Sam : ilikepies69: Try https://www.tradingview.com/chart/SMJEhYRR/
[2015-08-28 14:19:15] BitMEX_Sam : If you start typing `bitmex` in the search box some should show up
[2015-08-28 14:19:28] BitMEX_Sam : Unfortunately it's not all, and occasionally the data disappears. Not sure what is going on, on their end - not an issue on our side
[2015-08-28 14:19:52] ilikepies69 : it seys invalid symbol
[2015-08-28 14:20:56] ilikepies69 : I tried searching, nothing comes up either
[2015-08-28 14:21:09] BitMEX_Sam : Really
[2015-08-28 14:21:23] BitMEX_Sam : I wonder if they have a data sync issue, because I've heard others tell me this
[2015-08-28 14:21:34] BitMEX_Sam : Maybe if you're connected to one server you see it, and the other you don't
[2015-08-28 14:21:50] BitMEX_Sam : Try searching `XBTU2015`
[2015-08-28 14:25:23] ilikepies69 : very bizarre, clicked on link again and it appears and made chart mine, also xbu & xbt appears
[2015-08-28 14:25:42] ilikepies69 : but still nothing if i search bitmex
[2015-08-28 14:26:46] BitMEX_Sam : Yeah that's quite strange.
[2015-08-28 14:29:04] ilikepies69 : and now its gone - invalid symbol & nothing on search
[2015-08-28 14:29:13] ilikepies69 : cloak activated
[2015-08-28 15:15:28] SnackyCoins : What sort of thing would cause "pending" affiliate turnover to not confirm?
[2015-08-28 15:17:53] BitMEX_Sam : SnackyCoins: It's rolled over every day at 12 UTC
[2015-08-28 15:18:02] BitMEX_Sam : Did you see pending awards that didn't roll?
[2015-08-28 15:18:19] SnackyCoins : Yeah i saw 17.something in pending yesterday
[2015-08-28 15:18:26] SnackyCoins : (in turnover)
[2015-08-28 15:18:41] BitMEX_Sam : Ah. Let me look into it and get back to you
[2015-08-28 15:18:54] SnackyCoins : thanks :)
[2015-08-28 15:19:51] SnackyCoins : i realize the payment wont move during no-fee month :)
[2015-08-28 15:29:39] TInvest : have we moved over to non-insanity land yet?
[2015-08-28 15:29:45] ssa3512 : yep
[2015-08-28 15:29:49] TInvest : oh
[2015-08-28 15:29:50] ssa3512 : settling on XBX
[2015-08-28 15:29:50] TInvest : my
[2015-08-28 15:29:59] TInvest : nooddley apendage
[2015-08-28 16:32:34] vanillafan : hi
[2015-08-28 16:46:24] cryptojoe : Those alert tones are so satisfying.
[2015-08-28 18:25:35] cryptojoe : Anybody else losing real time connection or am i just running too many things at once at my end?
[2015-08-28 18:25:52] BitMEX_Sam : I haven't seen any issues here
[2015-08-28 18:26:20] cryptojoe : have about 8 charts and/or orderbooks opened so it's prob me
[2015-08-28 18:27:07] ssa3512 : cryptojoe: haven't seen any issues here
[2015-08-28 18:31:42] laisee : i lose connection and have to login every 15 mins or so. probably down to my internet connection tho..
[2015-08-28 18:55:06] gustavo7 : wow someone dumped on XBTU15
[2015-08-28 18:55:41] j8 : yeah got nice fills there!
[2015-08-28 18:55:53] cryptojoe : me too . yeh!
[2015-08-28 18:56:03] j8 : more plz
[2015-08-28 18:56:25] cryptojoe : my tones aren't working i diddn't even notice
[2015-08-28 19:02:38] j8 : is there sound now? didn't realize
[2015-08-28 19:04:19] cryptojoe : sometimes it seems to be working and i get a pleasant tone when there is a fill. then i salivate like Pavlov's dog
[2015-08-28 19:06:09] j8 : lol
[2015-08-28 19:06:43] cryptojoe : okcoin seems to be pushing for a dump
[2015-08-28 19:07:39] j8 : they're pretty bearish the last couple days. had a nice arb last night that worked out
[2015-08-28 19:08:03] j8 : on quarterlies
[2015-08-28 19:11:45] ssa3512 : can someone please explain the woodchipper to me
[2015-08-28 19:12:07] ssa3512 : I've heard it mentioned a few times
[2015-08-28 19:12:50] cryptojoe : ssa3512: whenever you try to type in the name of that exchange that has the highest the chat automatically converts it to okcoin
[2015-08-28 19:13:21] ssa3512 : erm
[2015-08-28 19:13:26] ssa3512 : the highest volume?
[2015-08-28 19:13:29] cryptojoe : I wonder if it works for other exchanges like bitstamp, bitfinex, Houbi or btcChina
[2015-08-28 19:13:34] cryptojoe : nope
[2015-08-28 19:13:41] ssa3512 : OkCoin?
[2015-08-28 19:13:44] ssa3512 : ha
[2015-08-28 19:13:47] cryptojoe : The one that begins with ok
[2015-08-28 19:13:52] ssa3512 : yeah okcoin
[2015-08-28 19:14:01] cryptojoe : exactly okcoin
[2015-08-28 19:14:11] j8 : the fucking okcoin
[2015-08-28 19:14:12] cryptojoe : so funny
[2015-08-28 19:14:19] ssa3512 : why does it change ok coin to the woodchipper
[2015-08-28 19:15:03] cryptojoe : Maybe it's like when mafia kill their own, they say, "Never mention his name again" id on't know
[2015-08-28 19:15:52] j8 : just the confuse the fuck out of people
[2015-08-28 19:16:40] ssa3512 : wat
[2015-08-28 19:16:56] ssa3512 : is that what shit is changed to?
[2015-08-28 19:17:04] ssa3512 : gently caress?
[2015-08-28 19:17:10] ssa3512 : I'm very confused
[2015-08-28 19:17:13] gustavo7 : now you know
[2015-08-28 19:17:28] gustavo7 : i'm gonna fuck you gently
[2015-08-28 19:18:01] gustavo7 : (tenacious d)
[2015-08-28 19:18:54] gustavo7 : but think i read woodchipper on bitcoinmarkets before, because some weeks ago it had these attack and really choppy movements rekting everyone
[2015-08-28 19:18:54] cryptojoe : fuck
[2015-08-28 19:19:00] cryptojoe : i guessed it
[2015-08-28 19:19:31] j8 : yeah, woodchipper has been a bit of a meme for okc
[2015-08-28 19:21:06] j8 : 20x gamblers are the wood, colocated MM's are the woodchipper
[2015-08-28 19:24:59] ssa3512 : man xbtu dropped
[2015-08-28 19:26:40] gustavo7 : someone betting for the full retrace of this little pump and some more
[2015-08-28 19:26:55] BitMEX_Sam : This is where it comes from: http://i.imgur.com/t0Pw9AN.png
[2015-08-28 19:29:29] ssa3512 : ha
[2015-08-28 19:29:45] j8 : proxied now?
[2015-08-28 19:30:01] BitMEX_Sam : j8: No, we haven't implemented that, but only admins can post images
[2015-08-28 19:30:13] BitMEX_Sam : I didn't mean to use it so I've edited the message to just be a link
[2015-08-28 19:30:23] BitMEX_Sam : I might just rip it out entirely so none of us accidentally post one
[2015-08-28 19:30:58] ssa3512 : BitMEX_Sam: not sure if bug or not but I can isolate margin on a position of size 0 and margin changes to NaNx
[2015-08-28 19:31:11] ssa3512 : no idea what that would do if my orders filled
[2015-08-28 19:31:27] BitMEX_Sam : ssa3512: 99.9% of the time, that's a display bug
[2015-08-28 19:31:33] BitMEX_Sam : The engine is very well tempered. I'll take a look
[2015-08-28 19:31:57] ssa3512 : well, there is technically 0 margin right now because it's unfilled
[2015-08-28 19:32:20] BitMEX_Sam : Ahhhh.
[2015-08-28 19:32:26] BitMEX_Sam : Makes perfect sense. Thanks
[2015-08-28 19:32:35] BitMEX_Sam : That's what happens when you divide by `0` :)
[2015-08-28 19:32:58] ssa3512 : well yeah but what would happen if the order filled
[2015-08-28 19:33:09] ssa3512 : because when you lock margin at 0 and all of a sudden have a position
[2015-08-28 19:33:12] ssa3512 : rekt
[2015-08-28 19:33:20] BitMEX_Sam : It's just a display bug. You would be isolated at 25x when it filled.
[2015-08-28 19:33:29] ssa3512 : ah
[2015-08-28 19:33:44] BitMEX_Sam : On the backend that toggles a flag on/off called `crossMargin` that tells the engine whether or not to use your full margin balance or not to back the position.
[2015-08-28 19:34:00] ssa3512 : gotcha
[2015-08-28 19:51:12] j8 : BitMEX_Sam: i'm trying to find some `.XBT_5M` data referenced to tradeblock, for pricing `BVOL`, does the data in the api switch over at today's settlement? i think i remember hearing you guys were collecting it the last few weeks, is that available anywhere?
[2015-08-28 19:51:50] BitMEX_Sam : j8: It changed already at 12 GMT. I don't know if we have an archive of it from before, let me see if I can find one.
[2015-08-28 19:52:06] j8 : cool.
[2015-08-28 19:52:37] BitMEX_Sam : For now you might get some mileage out of the 1H data at https://tradeblock.com/markets/index/
[2015-08-28 19:53:01] BitMEX_Sam : I believe our testnet server was collecting XBX data for the last two weeks but I'm not 100% sure.
[2015-08-28 19:58:38] j8 : some weird stuff in the testnet data from today. went to 265, went back in time...
[2015-08-28 20:00:33] j8 : showing on the site anyway, not in the api
[2015-08-28 20:00:46] j8 : oh wait yeah it is.
[2015-08-28 20:05:26] BitMEX_Sam : Yeah I see that too. Will have Wally check it out
[2015-08-28 20:06:22] ssa3512 : BitMEX_Sam: any thoughts on non-bitcoin futures?
[2015-08-28 20:06:32] BitMEX_Sam : Non-crypto or just non-bitcoin?
[2015-08-28 20:06:45] ssa3512 : was thinking XAU futures
[2015-08-28 20:07:06] BitMEX_Sam : Ah yes. Yeah, legality and liquidity permitting.
[2015-08-28 20:07:14] cengel : sam which channel is the XBX stream
[2015-08-28 20:07:47] BitMEX_Sam : cengel: All our our Bitcoin indices, so `.XBT`, `XBT_5M` are the main ones
[2015-08-28 20:07:57] BitMEX_Sam : Sorry that second one is `.XBT_5M`
[2015-08-28 20:09:10] BitMEX_Sam : ssa3512: Fixed the `NaN` in the leverage readout you were seeing, a refresh will fix it
[2015-08-28 20:10:30] ssa3512 : nice
[2015-08-28 20:10:41] ssa3512 : you guys are awesome
[2015-08-28 20:11:31] ssa3512 : hoping more people ditch okcoin and bitfinex
[2015-08-28 20:11:40] ssa3512 : get some more volume going on
[2015-08-28 20:12:02] cryptojoe : looks like bitfinex dropped to 5th in volume
[2015-08-28 20:12:05] BitMEX_Sam : http://i.imgur.com/I8CGaLh.gif
[2015-08-28 20:12:19] BitMEX_Sam : Ok let me fix that too.
[2015-08-28 20:12:35] ssa3512 : lol what is going on there
[2015-08-28 20:13:35] cryptojoe : that is one disturbing gif
[2015-08-28 20:13:48] BitMEX_Sam : He's a disturbing man.
[2015-08-28 20:14:38] ssa3512 : BitMEX_Sam: someone needs to fill my bid on XBTU15_Z15
[2015-08-28 20:16:13] j8 : that's a troll bid
[2015-08-28 20:16:21] BitMEX_Sam : :) Good luck with that one
[2015-08-28 20:16:33] ssa3512 : the fact that you can bid 0 is pretty funny to me
[2015-08-28 20:16:40] BitMEX_Sam : You can bid negative if you like
[2015-08-28 20:16:45] BitMEX_Sam : It makes sense on calendar spreads.
[2015-08-28 20:17:14] ssa3512 : yeah well I gues
[2015-08-28 20:17:28] BitMEX_Sam : Not that I would expect a negative bid ever to get filled, would have to be one heck of a bearish market.
[2015-08-28 20:17:28] ssa3512 : except nobody is gonna fill it
[2015-08-28 20:17:35] j8 : i'm outbidding you.
[2015-08-28 20:19:06] ssa3512 : there we go
[2015-08-28 20:19:11] ssa3512 : serious bid
[2015-08-28 20:19:11] BitMEX_Sam : Hah
[2015-08-28 20:19:51] BitMEX_Sam : Just eats up initMargin.
[2015-08-28 20:19:56] ssa3512 : yeah
[2015-08-28 20:20:32] j8 : BitMEX_Sam: what price does it reference to if it fills? mark price on `XBTU15`?
[2015-08-28 20:21:31] BitMEX_Sam : Yeah.
[2015-08-28 20:21:32] BitMEX_Sam : See https://www.bitmex.com/app/lesson3
[2015-08-28 20:21:45] BitMEX_Sam : Our good friend Johnny learns to trade
[2015-08-28 20:21:58] BitMEX_Sam : Hah we have to find a way to make that less condescending.
[2015-08-28 20:22:17] BitMEX_Sam : Hope it's helpful
[2015-08-28 20:22:29] j8 : is it possible to end up with a negative price on one leg?
[2015-08-28 20:23:06] BitMEX_Sam : If you could find anyone crazy enough to fill that, I don't believe it would actually execute. Let me try it on my development machine
[2015-08-28 20:23:44] ssa3512 : you mean the negative 150?
[2015-08-28 20:24:21] j8 : negative spread is no problem, i'm thinking if it was so negative that one of the contracts you end up with has negative entry price
[2015-08-28 20:24:48] BitMEX_Sam : Yeah. So I suppose that would be any price < 238.15
[2015-08-28 20:27:38] j8 : just trying to avoid the universe imploding :)
[2015-08-28 20:30:04] cryptojoe : ether trade seems to be grinding to a trickle
[2015-08-28 20:30:24] ssa3512 : yeah I noticed that too
[2015-08-28 20:31:42] cryptojoe : i'm sure it will pick up again when they launch a user friendly client
[2015-08-28 23:50:41] cryptojoe : Funny how stamp and finex are dragging while china is crashing
[2015-08-29 00:40:37] zanza : mm
[2015-08-29 00:40:51] zanza : okcoin has biggest volum,e i think
[2015-08-29 00:41:36] zanza : :)
[2015-08-29 03:10:19] zanza : we got some volume on XBTZ15
[2015-08-29 03:36:36] cryptojoe : stamp not following the price into okcoin
[2015-08-29 03:37:28] cryptojoe : I could make much more money if the markets were rational
[2015-08-29 03:56:54] zanza : ^ lol
[2015-08-29 04:00:45] cryptojoe : sell pressure is high in the woodchipp
[2015-08-29 04:01:31] Matthew.v : hidden valley buy the dip
[2015-08-29 04:02:16] j8 : whats a hidden valley
[2015-08-29 04:02:42] cryptojoe : volume at stamp and finex is almost non-existent. that's scary
[2015-08-29 04:03:27] Matthew.v : http://imgur.com/JgGaBIL
[2015-08-29 04:03:36] Matthew.v : buy the dip
[2015-08-29 04:03:45] j8 : lol
[2015-08-29 04:03:51] j8 : i see
[2015-08-29 04:04:20] j8 : this dip is not on sale
[2015-08-29 04:05:36] j8 : i don't pay full price for ranch.
[2015-08-29 04:05:55] Matthew.v : always buy the dip on bitcoin
[2015-08-29 04:06:06] cryptojoe : the smell of ranch makes me ill
[2015-08-29 04:07:10] j8 : more of a mayo person myself.
[2015-08-29 04:07:30] Matthew.v : miracle whip folk should die slowly
[2015-08-29 04:13:30] cryptojoe : Matthew.v: i'm gonna be sick
[2015-08-29 07:47:46] joequant : anyone know if a good algo trading engine that works with bitcoin. I've been thinking about taking zipline and interfacing it with bitmex.
[2015-08-29 10:03:43] lolcookie : any good trades atm
[2015-08-29 10:03:54] lolcookie : cant find anythign decent on the books
[2015-08-29 10:05:27] lolcookie : guess ill sit on my hands for a bit
[2015-08-29 13:20:27] vbmithr : Hi there
[2015-08-29 13:20:52] vbmithr : How do I do to get historical price data (trades) for bitmex ?
[2015-08-29 13:45:27] vbmithr : I started working on a DTC -> BitMEX fast prototype
[2015-08-29 13:45:43] vbmithr : It's going to be the first supported exchange :)
[2015-08-29 13:49:12] TInvest : what's going on - is everyone asleep?
[2015-08-29 13:55:47] BitMEX_Wally : vbmithr: Check out our API: https://www.bitmex.com/api/explorer/
[2015-08-29 13:57:11] BitMEX_Wally : TInvest: It's 10pm on a Saturday night for us (Hong Kong time)
[2015-08-29 13:57:37] TInvest : it's midnight for us here in east coast Australia
[2015-08-29 13:57:49] TInvest : i guess I'm a nighttime day trader
[2015-08-29 13:58:37] vbmithr : BitMEX_Wally: I'd like to get all of them though
[2015-08-29 13:58:55] vbmithr : BitMEX_Wally: thanks anyway.
[2015-08-29 14:03:00] BitMEX_Wally : vbmithr: Let me know what you need
[2015-08-29 14:06:45] vbmithr : All trades since inception
[2015-08-29 14:06:52] vbmithr : But I'm gonna fetch them using the REST API
[2015-08-29 14:06:58] vbmithr : Since they are available.
[2015-08-29 14:07:02] vbmithr : So, nothing at all :)
[2015-08-29 14:07:24] BitMEX_Sam : vbmithr: Yep, they're all there, you just have to fetch them in buckets of 500 and stay under the ratelimit
[2015-08-29 14:07:31] BitMEX_Sam : Morning, by the way
[2015-08-29 14:07:37] vbmithr : :) morning!
[2015-08-29 14:07:59] vbmithr : It would be awesome if you could provide flat files with trades in there
[2015-08-29 14:08:33] BitMEX_Sam : Yeah, something like a monthly CSV export isn't a bad idea at all.
[2015-08-29 14:08:38] vbmithr : yes
[2015-08-29 14:11:07] vbmithr : starting point for results, it is indexed in what ?
[2015-08-29 14:11:09] vbmithr : id ?
[2015-08-29 14:11:14] vbmithr : if I put 0, I get the first trades ?
[2015-08-29 14:12:22] vbmithr : yep.
[2015-08-29 14:14:19] BitMEX_Sam : vbmithr: Yep, starting from the very beginning. If you send `reverse=true` you'll get them starting from the end
[2015-08-29 14:14:38] BitMEX_Sam : So you could easily grab the last month of data by just paging backwards until the timestamps are where you want
[2015-08-29 14:15:28] vbmithr : Yeah, I see.
[2015-08-29 14:22:34] vbmithr : How does it work if I ask for all the symbols
[2015-08-29 14:22:52] vbmithr : The start,count is still relevant in this case…
[2015-08-29 14:22:57] vbmithr : (obviously)
[2015-08-29 14:23:01] vbmithr : I'm gonna do this
[2015-08-29 14:32:57] vanillafan : hi
[2015-08-29 14:35:07] BitMEX_Sam : Hey vanillafan
[2015-08-29 14:35:19] vanillafan : hi, :)
[2015-08-29 17:23:50] j8 : `XBTU15_Z15` broken?
[2015-08-29 21:39:39] ssa3512 : j8: looks that way
[2015-08-29 21:54:28] BitMEX_Sam : Looking into it
[2015-08-30 03:44:54] johnny : lol, its so very "calm" here
[2015-08-30 03:46:07] BitMEX_Arthur : Sunday funday
[2015-08-30 03:53:14] johnny : haha
[2015-08-30 06:22:34] zanza : whales swooping in ?
[2015-08-30 06:25:31] j8 : no volume
[2015-08-30 06:25:51] BitMEX_Arthur : Price has flatlined
[2015-08-30 07:51:36] BitMEX_Arthur : Anyone alive out there
[2015-08-30 07:57:19] cengel : yea
[2015-08-30 07:57:34] cengel : Arthur how do i subscribe to XBX live changes in the websocket
[2015-08-30 08:01:23] cengel : Or is the 1 minute snaps as real time as it will get
[2015-08-30 08:04:44] BitMEX_Arthur : You can go to tradeblock to subscribe the their websocket